Travelsoft is finalizing three new travel technology acquisitions

Travel technology group Travelsoft has secured three new acquisitions – TravelgateX, ATCORE technologyAND Travel connection technology.

With the latest acquisitions, Travelsoft, which previously acquired Eventiz Group in May, Travel Compositor in 2023 and Traffics in 2022, now has a 600-person global team with recurring revenues of €100 million per year.

With the new additions, Travelsoft is present in over 80 countries, with 400 major clients and 1,000 travel service providers worldwide.

As with Travelsoft’s previous acquisitions, each will retain its autonomy, including retaining its name, brand identity, management teams and technology platforms.

Pedro Camara and Sandra Chinappen of TravelgateX, Dave Cruickshank, Andy Lennon and Mike Wright of ATCORE Technology, and Alexandru Elisei of Travel Connection Technology will remain in their leadership positions.

The acquisitions were made possible by the reinvestments of Christian Sabbagh and CAPZA.

Christian Sabbagh, founder and CEO of Travelsoft, said: “These acquisitions represent a milestone as we take a giant leap forward to become the global leader in the travel SaaS industry.”

“We remain committed to continued growth through both innovation and further acquisitions.”

Related articles: TravelTech Show 2024 | ExCeL London June 19-20, 2024 Mabrian Technologies – TravelMole